Anthony Crescenzi
Anthony Crescenzi
consistent figure inflation left moving rate slowly
What you're left with is a figure consistent with the inflation rate slowly moving upward,
book cutting given late might news rates reflected report weak
Given that some of the news of late ... has been on the weak side, and given that the Fed's own Beige Book report reflected weakness, they might show an inclination to cutting rates in the future,
businesses desirable economy harmful inflation overall perhaps pricing rate rise
While it's perhaps desirable for some businesses to have a little more pricing power, the overall rate of inflation could rise at a rate that's very harmful to the economy this year.
build deflation demon fight including low might rates successful vanished
This time, they want to keep rates low to fight deflation -- a demon that may have vanished already. They might be successful again, but something else might build up, some other unintended consequence, including some inflation.
course cut fed might rates rumors
There were rumors that the Fed might cut rates today, but of course they did nothing.
buy care evidence food gas health inflation people personally products rate relate station trips
This is evidence of what many have said they've personally experienced, ... Many people can relate to the idea that the inflation rate has accelerated, when they take trips to gas station or buy food or health care -- so many products and services.
effect employment overall rate reduced sector
If the manufacturing sector were to see even a reduced rate of decline, it would have an effect on overall employment statistics,
basis both cut discount fed percent points rate
The Fed will probably cut the both the Fed-Funds rate and the discount rate by 25 basis points tomorrow, to 5.25 percent and 4.75 percent, respectively.
additional causing create drop economy fed further higher hold interest pose raising rates remains risk stimulus vigor
The Fed will look at a cross-section of data, which still show that enough vigor in the economy remains to pose a risk for higher inflation, ... If the Fed were to hold off on raising rates on Tuesday, they would create additional stimulus for the economy by causing a further drop in other interest rates.
comments either hoping people provides rarely rate signal
The comments don't hint either way really. People were just hoping for a signal about the rate move, and he rarely provides that.
further low market percent rate reason
The market has put a low probability on further rate cuts, and I think that is part of the reason why we can't get to 5 percent that readily.
cut draw greenspan market morning quarter rate
The market has priced in a rate cut, of at least a quarter point, ... and this morning it was for a rate cut of .75 - and I think that is where Greenspan would draw the line.
confidence durable effect figure gets goods main orders rate street unlike
The jobless rate gets a lot of play on Main Street -- it's a figure that Main Street completely understands, unlike durable goods orders and things like that, ... It can have a big psychological effect on confidence and spending.
depends loses maybe neighbor
What's the expression? 'If your neighbor loses his job, it's a recession, but if you lose your job, it's a depression?' Maybe it depends on who's making the definition.